How does board social capital affect ambidextrous innovation?
摘要
This paper explores the mechanism through which board social capital affects ambidextrous innovation by combining social capital theory and socio-technical systems theory. Based on data collected from Chinese A-share listed companies between 2008 and 2021, we found that internal board social capital was more conducive to exploitative innovation than external board social capital; external board social capital prominently pushed a higher level of exploratory innovation than internal board social capital. The interaction of internal and external board social capital led to the emergence of ambidextrous innovation. Moreover, the interaction of board informal hierarchy with internal and external social capital fostered ambidextrous innovation, while board faultlines had the opposite effect. The findings provide a new theoretical perspective to examine the relationship between board social capital and corporate innovation, offer insights for the research on antecedents of ambidextrous innovation, and enrich the literature on the informal organization of boards.